IFFCO, La Coop fédérée, and Quebec advance urea complex

9:07 AM MDT | October 12, 2012 | —Natasha Alperowicz

Indian Farmers Fertilizer Cooperative’s (IFFCO; New Delhi) subsidiary IFFCO Canada has teamed up with La Coop fédérée (Montreal), an agricultural cooperative; and Investissement Québec to build a previously announced fertilizer complex in Canada. The partners have signed an agreement to build the $1.2-billion nitrogen fertilizer complex at Bécancour, PQ. IFFCO is expected to hold a 25% stake in the venture, with La Coop holding 12% and the Quebec government 18%. The remaining 45% equity has yet to be raised, the companies...